First penny black stamp could fetch up to £6m at auction

First penny black stamp could fetch up to £6m at auction:

Launched in 1840, Sotheby’s says the stamp ‘is the most important piece of philatelic history to exist’

It was less than one square inch and cost just a penny but it launched a revolution in communications. Now the first “penny black”, the postal stamp bearing an image of Queen Victoria’s profile, is expected to fetch up to £6m when it is sold at auction.

The stamp was a runaway success when it went on sale in 1840, allowing people to send a letter weighing up to half an ounce to any destination in the country for a flat rate of one penny. Eventually more than 68m stamps were sold.

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